14.12.2015 - ​Statistics from China has improved the mood of investors

Currency trading and the euro. The price of reduced on the first trading day of the week on expectations of the Federal Open Market Committee likely increase of the interest rates which will have a negative impact on the price of the euro. It is worth noting that on Friday was published important data on US retail sales, which rose by 0.2%, in line with expectations. The main pressure on the sales had the price of oil. Today, the dynamics of trading will affect news on industrial production in the Eurozone (10:00 GMT) and the speech of the ECB President Mario Draghi (11:00 GMT). The activity will be constrained by the expectation of the Fed's decision on Wednesday and the publication of statistics on inflation in the US tomorrow. Our medium-term outlook remains negative and we are waiting for a strong price movement this week.

Currency trading and the British pound. The price of the British pound showed growth in recent days against the background of fixation of long positions on the US dollar in recent days. On Friday it will be published the data on the growth of the volume of production in the construction sector of the country by 0.2% against the forecast of 1.1%. Tomorrow in the UK will be published news on inflation in the country, the growth of which will enhance the likelihood of higher interest rates of the Bank of England in 2016 and will support the pound. The main influence on the course of trading this week will have the dynamics of the dollar after the Fed's statement on monetary policy. We maintain a medium-term negative outlook on the British pound.

Currency trading and the Japanese yen. The price of the yen corrected down after the strong growth against the US dollar last week. Today in Japan, was published statistics on the volume of industrial production in October, which rose by 1.4%. The tertiary index of business activity in the service sector increased by 0.9% in October against the forecast of 0.5%. Rising interest rates of the Fed will be negatively displayed on the yen, but investors will also follow the rhetoric of the American regulator on further tightening of monetary policy. Our medium-term outlook for the yen is a negative.

Currency trading and the Australian dollar. The price of the Australian dollar started to correct today after strong fall last week, caused by the decline in oil prices. Today, the support for the national currency of Australia was positive economic data from China. Thus, the volume of industrial production in China in November rose by 6.2% compared with the same period last year. Analysts expected an increase of 5.7%. The growth of retail sales in China accelerated to 11.2%, which is 0.2% better than in October. The dynamics of the US dollar will be the main factor that will affect the course of trading this week. Tomorrow we should pay attention to the minutes of the previous meeting of the Reserve Bank of Australia. We maintain a negative medium-term outlook for the Australian dollar.

Currency trading and the New Zealand dollar. The price of the New Zealand dollar corrected downwards, but may resume growth in connection with the publication of positive statistics in China. In the coming days we will probably see increased volatility amid speculation the Fed's decision on interest rates. Thursday morning will be published statistics on the growth of New Zealand's GDP in Q3. We maintain a negative medium-term outlook.

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